Thursday, February 11, 2016

USA, Hawaii: Ormat Withdraws from 25 MW Geothermal Energy Contract

Ormat Technologies, which was awarded a contract by Hawaii Electric Light Co. to develop a 25 MW geothermal energy project on Hawaii’s Big Island, has withdrawn from contract negotiations with the utility, HELCO said Wednesday.

Alan Oshima, president and CEO of Hawaiian Electric Co., previously told PBN that in its new energy plan, HECO wants to develop a geothermal project on the Big Island’s west side, where most of the growth is happening.

The subsidiary of Hawaiian Electric Co. said that it will continue its efforts to include geothermal in its analysis of potential future resource options as part of its new energy plans.